Nebius Group (NASDAQ:NBIS) Trading Down 5.8% – Should You Sell?

Nebius Group N.V. (NASDAQ:NBIS) dropped 5.8% during trading on Friday . The stock traded as low as $18.98 and last traded at $20.51. Approximately 5,642,782 shares traded hands during trading, a decline of 48% from the average daily volume of 10,770,945 shares. The stock had previously closed at $21.77.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NBIS shares. DA Davidson assumed coverage on Nebius Group in a research report on Tuesday, February 25th. They issued a “buy” rating and a $50.00 price target for the company. BWS Financial reiterated a “buy” rating and issued a $60.00 target price on shares of Nebius Group in a report on Tuesday, March 4th.

Nebius Group Stock Performance

The firm’s 50 day simple moving average is $31.57 and its 200-day simple moving average is $27.32. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of -35.60 and a beta of 2.54.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nebius Group stock. Centaurus Financial Inc. bought a new stake in Nebius Group N.V. (NASDAQ:NBIS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 343,130 shares of the company’s stock, valued at approximately $9,505,000. Centaurus Financial Inc. owned 0.15% of Nebius Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 21.90% of the company’s stock.

Nebius Group Company Profile

Nebius Group N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company’s services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability.